Source: Sahara reporters, Despite elaborate efforts to sweep it under the carpet, facts
have shown that a strategic alliance agreement between the Nigerian Petroleum
Development Company (NPDC) and Atlantic Energy Drilling Concepts Nigeria
Limited Limited (AEDCNL) has helped parties in the agreement to swindle the
country.
After wide-ranging investigations, Assistant Editor ADEKUNLE YUSUF uncovers the details of the deal that set back the country by about $2b.
It is an adventure laced with shoddiness. That perhaps is the most fitting
silhouette for the Strategic Alliance Agreement (SAA) between the Nigerian
Petroleum Development Company (NPDC) and Atlantic Energy Drilling Concept
Nigeria Limited.After wide-ranging investigations, Assistant Editor ADEKUNLE YUSUF uncovers the details of the deal that set back the country by about $2b.
From all available documentary evidence, the SAA, which paved the way for Atlantic Energy to operate some oil blocks during the administration of former President Goodluck Jonathan, has left the country short-changed of about $2billion, excluding hundreds of millions of dollars as bank loans and money owed to workers and contractors.
After four years of the alliance, everything suggests that NPDC and Atlantic Energy owe Nigerians a lot of explanations regarding how some oil blocks – OMLs 26, 30, 34, 42, 60, 61, 62 and 63 – were handled between 2011 and 2014, including outright theft of proceeds from all the millions of barrels of crude oil lifted during in the four years.
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